On March 1,the amount of Richard Cook's capital in Richard's Catering Company was $150,000.During March,he withdrew $31,000 from the business.The amounts of the various assets,liabilities,revenues,and expenses are as follows: Present,in good form,
(a)an income statement for March,
(b)a statement of owner's equity for March,and
(c)a balance sheet as of March 31.

Question

On March 1,the amount of Richard Cook's capital in Richard's Catering Company was $150,000.During March,he withdrew $31,000 from the business.The amounts of the various assets,liabilities,revenues,and expenses are as follows:​  Present,in good form,
(a)an income statement for March,
(b)a statement of owner's equity for March,and 
(c)a balance sheet as of March 31.

Quizplus · Accepted Answer

The Answer of On March 1,the amount of Richard Cook's capital in Richard's Catering Company was $150,000.During March,he withdrew $31,000 from the business.The amounts of the various assets,liabilities,revenues,and expenses are as follows:​  Present,in good form,
(a)an income statement for March,
(b)a statement of owner's equity for March,and 
(c)a balance sheet as of March 31.

On March 1,the Amount of Richard Cook's Capital in Richard's